Nvidia Clears Its Crypto Cloud

A volatile crypto market has been a distraction for the chip maker—and its investors

Nvidia has long understood that the cryptocurrency business is one of easy come, easy go. But the last part still smarts a little.

The chip maker began experiencing a run on its graphics processors last year, as booming value of cryptocurrencies such as Ethereum sparked a rush to build devices to “mine” said currencies. But that demand has fallen off sharply, as specialized crypto-mining chips made their way to the market—just in time for a collapse in cryptocurrency values. Nvidia said sales of crypto-specific products totaled...